Mendel raised $35 million in a Series B funding round to expand the artificial intelligence (AI)-powered capabilities of its enterprise spend and travel management platform and to extend the platform into additional Latin American countries.
“This round allows us to scale our AI capabilities and continue transforming how companies manage payments, expenses and travel — helping them operate more efficiently while reducing costs and complexity,” Mendel Co-Founder and Co-CEO Alan Karpovsky said in a Thursday (March 27) press release.
Mendel’s platform integrates expense management, payments and corporate travel; charges recurring software-as-a-service (SaaS) fees; and operates in Mexico and Argentina, according to the…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
